Wondering how to sell your damaged home? Of course, it's not easy compared to selling a property in top condition. A house that needs massive repair due to severe wear or worse, fire damage, is unlikely to be offered for sale at the highest market price. If the cost of the repair is simply not realizable, it is often the best option to find a suitable buyer as soon as possible. But don't worry, it is possible to sell your damaged house without having to wait forever or compromise on the offer price.
This article is a guide on how to sell your damaged home at a fair price.
Sell your damaged home to a cash buyer
Owning damaged property with delayed maintenance can be stressful. If the cost of repairs is both large and time-consuming, your best option may be to sell your home only to a cash buyer. The experts at We Buy Fire Damaged Houses explain that in many cases your brokerage agents cannot sell your home without the need for extensive repairs, without a lot of work, inspections and surveys. In this case, the best option available is to make a quick and easy agreement with a home buyer who acts as an investor and buys your fixer-upper property no matter what.
This solution is best for people whose home has been badly damaged or destroyed by fire, especially since the cost of repairs is out of the question. There are many cash home buyers who are experts in buying, renovating, or even rebuilding fire-damaged homes across America and helping thousands of homeowners get a cheap result. If the work that needs to be done simply goes too far beyond your means or your mental and emotional energy, contact a home buyer who can help you.
Maximize your property value with some great ticket items
When it comes to deciding whether to repair a damaged house or sell it in its current state, most homeowners who are in no hurry and want to maximize its value choose the first option. The tip is to focus on the items with the highest priority. For example, damaged foundations, a leaky roof and broken doors and hinges that make the house unsecured. It is absolutely important to update these issues, and while this can cost some money, it will be worth it in the end.
To ensure that you have everything under control, it is important to identify the priority repairs and renovations. Do not make repairs without carefully planning your budget. Renovating a small bathroom can cost almost $ 20,000, while a kitchen with brand new home appliances can cost triple. To get the most efficient result, it is strongly recommended that you seek professional assistance, especially if you are an inexperienced homeowner.
Invest in cosmetic fixes
If you don't have the time or budget to do wholesale renovations, you can spice up your home with some small cosmetic corrections. You will be surprised how seemingly small improvements can improve both the look of your home and its saleability.
Here are some simple renovation ideas that can help you make your home great and ready to sell in just a few weeks:
- Hang up new wallpaper
- Repaint your house (neutral colors preferred)
- Polish your wooden floor to restore its shine
- Improve the lighting by changing the light bulbs
- Replace old curtains
- Have your carpets professionally cleaned
List your home in its current state
The last option is to sell your home in its current state and accept the fact that you are not getting the money you want. This means that you don't have to spend money or time on maintenance before listing the property. The compromise with this option is clear. If the new owners need a lot of maintenance, you will either have difficulty selling the house or you may not be able to sell at all. This option is usually recommended for houses that only need minor repairs or modernization, not extensive renovations.
Trying to sell a damaged house can be extremely frustrating, and for many people, it seems like an impossible task. The most important thing is that everyone out there is looking for a bargain. Never feel too thankful that someone is ready to buy your damaged house. The reality is that they are interested in buying because they see the potential in your home. Do your research carefully, seek professional advice, and never let yourself be pressured to accept an unfair offer.
